Worth reading
30Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
315200
Reverse stock split of shares into 1 shareWording
Conditional
How definitive the wording is.Details of issuance or disposal
Reverse stock split, abolition of provisions on share units, and partial amendments to the Articles of Incorporation
発行・処分する株式数
Consolidation of 315,200 common shares into 1 share. 1,891,500 shares before the effective date and 6 shares after the effective date
Terms of the stock acquisition rights
Number of Stock Acquisition Rights
92 remaining as of 31 July 2026 (51 from the first issue and 41 from the second issue)
Offering structure
Major shareholders after the offering
Arealink Co.,Ltd. (expected to become the sole shareholder following the share consolidation)
Stock Split RatioShare consolidation: 315,200 shares into 1 share. Effective date: 18 December 2026 (scheduled)
Procedures under the Corporate Code of Conduct
To be submitted to an extraordinary general meeting of shareholders scheduled for 16 November 2026. An independent special committee was established and its report obtained. A share valuation report was obtained from an independent third-party valuation institution.
| Item | Details |
|---|---|
| Type of issuance or disposal | Reverse stock split, abolition of provisions on share units, and partial amendments to the Articles of Incorporation |
| Number of shares to be issued or disposed of | Consolidation of 315,200 common shares into 1 share. 1,891,500 shares before the effective date and 6 shares after the effective date |
| Total number of issued shares | 1,891,500 shares → 6 shares |
| Number of Stock Acquisition Rights | 92 remaining as of 31 July 2026 (51 from the first issue and 41 from the second issue) |
| Stock Split Ratio | Share consolidation: 315,200 shares into 1 share. Effective date: 18 December 2026 (scheduled) |
| Procedures under the Corporate Code of Conduct | To be submitted to an extraordinary general meeting of shareholders scheduled for 16 November 2026. An independent special committee was established and its report obtained. A share valuation report was obtained from an independent third-party valuation institution. |
| Major shareholders after the offering | Arealink Co.,Ltd. (expected to become the sole shareholder following the share consolidation) |
Items this document does not state (21)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateBasis for determining the amount to be paidExercise priceExercise periodTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentMost recent equity financingImpact on Business Performance
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.This will be carried out as a squeeze-out procedure to make Arealink Co.,Ltd. the company's sole shareholder. Because the consolidation will reduce the total number of issued shares to 6, the company will eliminate the provisions on share units and amend its Articles of Incorporation in connection with the acquisition of full ownership and delisting.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.